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Simple H1 GBPUSD EA

  • #61
  • Apr 16, 2010 4:19am Apr 16, 2010 4:19am
That's how it looks like, I didn't change anything. I took the EA and put my timezone to GMT+2 all the other values have been kept default.

The backtest I did was very promising too, looked similar to yours.
Attached Image (click to enlarge)
Click to Enlarge Name: h1gbp.gif Size: 28 KB
  • #62
  • Apr 16, 2010 4:22am Apr 16, 2010 4:22am
Quoting geoffb65
I don't think you will have a problem with your long on GBPUSD, the price is ranging between 1.5300 and 1.5500 however, I am not quite sure how the EA produced a buy and a sell order!
It should either produce a buy or a sell after the NY close, not both!
Have you modified the EA?

I would be interested to see your chart for the past 24 hours, I only expected a buy order to be produced according to the strategy!
Here you go. I didn't modify the EA.
Attached Image (click to enlarge)
Click to Enlarge Name: h1gbp.gif Size: 28 KB
  • #63
  • Apr 16, 2010 4:40am Apr 16, 2010 4:40am
Quoting Emanuele
Here you go. I didn't modify the EA.
That is remarkable!

The orders were created at 1:00 Alpari server time, just goes to show that the time is not all that important so long as a trend is established after NY has closed.

If it works why fix it!
  • #64
  • Apr 16, 2010 4:54am Apr 16, 2010 4:54am
Did I something wrong? I'm located in Italy so I typed my current timezone offset which is GMT +2.

I was also expecting only one trade.
  • #65
  • Apr 16, 2010 5:37am Apr 16, 2010 5:37am
Quoting Emanuele
Did I something wrong? I'm located in Italy so I typed my current timezone offset which is GMT +2.

I was also expecting only one trade.
The GMT offset uses the brokers time which in your case, being Alpari, should be +1 I think!
It was +2 before the clocks were changed.

For the strategy I chose 1 hour after the NY close but I don't think the time is all that important when all we need is the trend after NY has closed.
I'm pleased that different people are trying different start times and still getting winning trades!

Using the 13 SMA is not ideal even though it is better than 90% correct, there must be a more accurate method for determining the trend.

Good luck!

P.S.
It looks like your long position is about to go into profit!
  • #66
  • Apr 16, 2010 5:41am Apr 16, 2010 5:41am
Quoting geoffb65
The GMT offset uses the brokers time which in your case, being Alpari, should be +1 I think!
It was +2 before the clocks were changed.

For the strategy I chose 1 hour after the NY close but I don't think the time is all that important when all we need is the trend after NY has closed.
I'm pleased that different people are trying different start times and still getting winning trades!

Using the 13 SMA is not ideal even though it is better than 90% correct, there must be a more accurate method for determining the trend.

Good luck!
So, basically my trades were opened one hour later. The long trade is now positive. The EA was either lucky or smart to catch both moves.
  • #67
  • Apr 16, 2010 5:51am Apr 16, 2010 5:51am
Quoting Emanuele
So, basically my trades were opened one hour later. The long trade is now positive. The EA was either lucky or smart to catch both moves.
Agreed!

I think that there is something wrong to cause two orders, it should have created 2 buy orders at exactly the same time, one to close at 18 pips profit and the other to run on with an 18 pip trailing stoploss.

It's a mystery!
  • #68
  • Apr 16, 2010 5:58am Apr 16, 2010 5:58am
Alpari UK has also GMT+2 time zone, like mine. I guess it is ok to leave it that way. Let's see next week how it goes.
  • #69
  • Apr 16, 2010 6:15am Apr 16, 2010 6:15am
Quoting Emanuele
Alpari UK has also GMT+2 time zone, like mine. I guess it is ok to leave it that way. Let's see next week how it goes.
Your start_time looks as if it could give better results than mine!

The trend after NY close is better established....
  • #70
  • Apr 16, 2010 7:02am Apr 16, 2010 7:02am
Quoting geoffb65
Actually, all my best EA's only trade a few times each day and only take a small profit, 5 to 15 pips.
I have tried to make 50 to 100 pips with one trade but never had any luck getting a reliable strategy.
I have been trading forex on and off for 25 years and I have operated some very large accounts but I have never looked for big hits!

Here is one of my EA's that I put on MT4live this week it has 98% win ratio.

If you want a strategy to work with I can recommend MTF fractals!
Please don't ask for more!...
I have been following this since a few minutes after you opened the thread. Please excuse my ignorance but here you say "Here is one of my EA's" and I don't see it here and I don't find it on MT4live. Also , what is MTF fractals?
Thank you.
  • #71
  • Apr 16, 2010 7:20am Apr 16, 2010 7:20am
Quoting sanyhuis
I have been following this since a few minutes after you opened the thread. Please excuse my ignorance but here you say "Here is one of my EA's" and I don't see it here and I don't find it on MT4live. Also , what is MTF fractals?
Thank you.
The EA files are attached to the bottom of the first post of this thread where you can download them.
There is the .mq4 source code and .ex4 executable code.

MTF fractals means Multi Time Frame fractals.

Hope this helps!
  • #72
  • Apr 16, 2010 9:07am Apr 16, 2010 9:07am
Any comments here! Results from EasyForex-Demo.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ea1.gif Size: 116 KB
Click to Enlarge Name: ea2.gif Size: 101 KB
  • #73
  • Apr 16, 2010 9:18am Apr 16, 2010 9:18am
Quoting kijkij
Any comments here! Results from EasyForex-Demo.
your modeling quality sucks. get better data you will get worse results. for 2010 ibfx data shows loss for the year so far. with 90% modeling quality. and if you use MM it wipes your account
  • #74
  • Apr 16, 2010 9:19am Apr 16, 2010 9:19am
Quoting kijkij
Any comments here! Results from EasyForex-Demo.
Did you run this test on M15?
I have only tested it on H1.

Only 92% tut-tut!

That is quite impressive for such a simple strategy don't you think?

If only I could find a better way to determine the trend after NY close this EA would be absolutely fantastic!

What is your opinion kijkij?
  • #75
  • Apr 16, 2010 9:25am Apr 16, 2010 9:25am
Quoting jtmoore007
your modeling quality sucks. get better data you will get worse results. for 2010 ibfx data shows loss for the year so far. with 90% modeling quality. and if you use MM it wipes your account
This EA is promising but Please understand it is work in progress!

I am hoping that an expert coder will come on board and help to improve the results.
Also the back-test was done on M15 time scale, it works better on H1.

I am very pleased that someone else has taken the time to test it!

  • #76
  • Apr 16, 2010 9:28am Apr 16, 2010 9:28am
Quoting geoffb65
The EA files are attached to the bottom of the first post of this thread where you can download them.
There is the .mq4 source code and .ex4 executable code.

MTF fractals means Multi Time Frame fractals.

Hope this helps!
Yes it does. Thanks so much.
  • #77
  • Apr 16, 2010 9:39am Apr 16, 2010 9:39am
Quoting sanyhuis
Yes it does. Thanks so much.
Are you interested in this strategy as an EA or as a simple manual strategy?
  • #78
  • Apr 16, 2010 9:57am Apr 16, 2010 9:57am
Quoting geoffb65
Here is one of my EA's that I put on MT4live this week it has 98% win ratio.
Great results (98% win ratio!)... is this the same EA we have on this thread? I think not because it trades G/U and E/U also. Can you share this one with us?

Thanks for your great work.
  • #79
  • Apr 16, 2010 10:14am Apr 16, 2010 10:14am
Quoting Inbox
Great results (98% win ratio!)... is this the same EA we have on this thread? I think not because it trades G/U and E/U also. Can you share this one with us?

Thanks for your great work.
Ah if only I could!

Unfortunately that EA is no longer my sole property, it belongs to o3power ltd and operates managed accounts for many clients.

However, the one that I use to generate those profits started life exactly like the one on this thread, promising but in need of improvement!
  • #80
  • Apr 16, 2010 10:29am Apr 16, 2010 10:29am
Quoting geoffb65
Ah if only I could!
hmm... no problem, let's improve this one!
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